Cost of Living: Socorro, TX vs Hope mills, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Hope mills |
|---|---|---|
| Housing Index | Data is updating | 90.0 |
| Median Home Price | $154,500 | $279,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1360 |
Housing Comparison: Socorro vs Hope mills
- The median home price in Hope mills is higher at $279,000, compared to $154,500 in Socorro.
- The rent for a two-bedroom apartment is equal in both Socorro and Hope mills at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Socorro | Hope mills |
|---|---|---|
| Electricity Price | $14.47 | $13.72 |
| Natural Gas Price | $26.29 | $Data is updating |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Socorro vs Hope mills
- Electricity costs are higher in Socorro at $14.47 per kWh, compared to $13.72 in Hope mills.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Socorro and Hope mills averaging $0.0.